Tuesday, April 21, 2009

Market view 21st April

Base metals after running up for quite sometime has shown some decent selling yesterday. Now the question arises is it a retracement or correction???? Is it time to build shorts or buy on dips??? Guess !!!!!

Crude as mentioned earlier had broken the lower trendline last week and was unable to break 2670 which was a huge resistance hence fell badly yesterday. Already given 150+ from the trendline break...What next????

Gold & Silver has seen a nice recovery yesterday. Although the charts doesnt looks very positive so lets see whether this recovery sustains or not...Interesting game ahead..


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